Trading news

AUDJPY tanking down after BOJ decision

Yen crosses fell heavily after BOJ decided no to go with more stimulus for now. The drops were direct and that means - VERY strong, without any retracement. Nikkei was slaughtered too. BOJ appeared quite hawkish last night even more than FED(!). The market was surprised by The Bank of Japan holding off on expanding monetary stimulus, investors were expecting more Abenomics which Kuroda failed to deliver.

Technically 82.80-83.00 is POC1 (38.2, historical sellers, inner trend line) and the price should reject after a potential first touch of the zone. However the drop was huge and more substantial retracement is favored. POC2 (EMA89, L4, inner trend line 2) 84.05-20 is another potential bearish rejection zone and if the price retraces in the zone we might also start looking for short opportunities.

So focus is on POC1 and POC2 as the price should reject off these zones. Targets are 82.09 and 81.66.

*Your capital is at risk

Thursday, 28 Apr, 2016 / 12:48

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://www.admiralmarkets.com/analytics/technical-analysis/audjpy-tanking-down-after-boj-decision

Trading news

 

The ECB turns everything upside down

A new European Central Bank report shows a different assessment of the central [...]

Posted on Wednesday, 03 Mar, 2021 / 1:09 under

Intraday Market Analysis – Tough Resistance

GER 30 recoups February losses ger30 Easing Treasury yields have put a floor [...]

Posted on Wednesday, 03 Mar, 2021 / 12:48 under

Dollar snaps gains as Fed doubles down on easy policy

  Dollar suffers sharp pullback as yields settle lower, Fed hints at [...]

Posted on Wednesday, 03 Mar, 2021 / 10:45 under